As electricity costs surge and sustainability becomes non-negotiable, renewable energy has shifted from a corporate responsibility initiative to a competitive necessity. Rising electricity tariffs have become a significant challenge for Malaysia’s food and beverage manufacturers, adding pressure to already tight operating margins. Recent data from the Federation of Malaysian Manufacturers reveals the scale of the challenge: 41% of manufacturers reported energy cost increases of up to 10% in 2023, while 36% grappled with similar pressures from raw material costs. For businesses operating on thin margins, these dual pressures are forcing a fundamental rethink of energy strategy. Yet cost pressures tell only half a story. Environmental, social and governance has evolved from corporate nice-to-have to boardroom imperative. Global supply chains are realigning in response to climate commitments, and Malaysian manufacturers are discovering that sustainability credentials increasing...
